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Hi,
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Have had same problem on 1990 240 DL. Go underneath, tap ball at end of hood latch sideways with small hammer (take a good look at it --- you should be able to see which way it needs to go to clear). Once released clean and lubricate.

if the cable is not broken then pull the release then take the side of your fist and pound on the hood starting towards the top drivers side and slowly move towards the latch try it a few times i have to do this every single time on my blazer

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Your Dodge Grand Caravan, like all vehicles manufactured after 1996, has an on-board diagnostic system. When one of your Grand Caravan's sensors indicates that a system is not operating properly, it will trigger the vehicle's "check engine" light. Sometimes the cause of the error can be as simple as tightening a loose gas cap. In order to verify that the cause of the problem has been fixed, the computer on your Grand Caravan will need to be reset. This process is simple and takes less than 10 minutes.

Hey Elizabeth, is there any of the broken cable or end of cable still there ,? if so use a pair of vice grips to pull cable as long as the rest is still working . then you have some time to repair ,when you get hood open spray some lube on latch under hood and locking parts. good luck .
Woody

You will have to buy a new hood release cable. Expect to pay in the range of 40.00 for one.It is a pretty simple replacement. Unhook from the outside hood latch and pull through to the inside.Of course you will have to remove the screws on the inside handle assembly to remove it.Just feed it back through the way the old one came out.Try O'Reilly's or Advance places like that.

Your hood latch probably isn't returning to the right position for it to catch. This is commonly caused by one of two problems: (1) too much hardened grease and crud on the latch itself is keeping it from operating freely; or (2) the hood release cable has gotten rusty or kinked over time and is no longer releasing completely.
I would suggest testing the hood release cable before doing anything else. It's an easy test and it only takes a minute. Enlist the help of a second person to pull the hood release lever while you look at the hood latch. When your helper pull on the release, you should see the cable pull part of the hood latch. When they let go, that part should swing back to its prior position. Using a long-shafted screwdriver, see whether you can "help" that moving part move any further on its return path. If you can push the latch any significant amount, it's not returning all the way to its proper position, and your hood release cable is probably binding.
In the short term, if you manually push the hood latch back into position, you should be able to close your hood again. However, you'll have to do this each time you open the hood. In addition, you run the risk that, not too far in the future, your hood release cable will actually completely bind or snap, and then you'll have a much harder time opening your hood to replace the cable (or do anything else, like add oil or washer fluid).

Problem could be the other end of cable came loose from hood release latch under hood. You need to look through the grill closely and see if it did. I have had a few dodge caravans that this has happend to.